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The Ministry of Finance said it was facing the challenge of high debt-servicing costs and working tirelessly to reduce them at a faster pace over the coming period. In a statement following Moody’s upgrade of Egypt’s credit rating to B3 with a positive outlook, the ministry said economic and fiscal reforms had
Mohamed Farid, Minister of Investment and Foreign Trade, said that technology and artificial intelligence (AI) can help boost merchandise and services exports, revealing that Egypt’s non-oil merchandise exports reached $48bn in 2025. Farid attended the opening of the Egyptian Exchange (EGX) trading session to mark World Investor Week, organised by the International
Finance Minister Ahmed Kouchouk said international investors had responded positively to Egypt’s economic reforms, lowering their assessment of investment risks in the country to its lowest level since 2014. He stressed that the government would continue its programme of tax and customs relief, introducing new packages to strengthen confidence and partnerships with
Systems Limited, a Pakistani multinational information technology company, plans to increase its investments in Egypt by more than 50% in 2027, with further growth potentially exceeding that rate in 2028, as it seeks to expand its local operations and strengthen Egypt’s role within the group. The company currently has $10m invested in
Egypt and Djibouti have signed a framework agreement protocol aimed at enhancing bilateral trade and opening new avenues for companies from both nations, the Egyptian Ministry of Investment and Foreign Trade announced on Wednesday. The agreement was signed by Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid Saleh, and Djibouti’s
The Suez Canal Economic Zone (SCZONE) has laid the foundation stone for a South Korean sportswear manufacturing plant in the West Qantara Industrial Zone, with planned investments doubling to $30m from an initial $15m, as Egypt seeks to attract further South Korean investment following President Abdel Fattah Al-Sisi’s visit to South Korea.
The 29th edition of Ecomondo will take place from 3 to 6 November at the Rimini Expo Centre, bringing together international businesses, policymakers, innovators, and sustainability experts to advance the green, blue, and circular economy. The 29th edition of Ecomondo, the international exhibition dedicated to the green, blue, and circular economy, will
Egyptian Foreign Minister Badr Abdelatty held a series of meetings in Baghdad on the sidelines of the 52nd session of the Organisation of Islamic Cooperation’s Council of Foreign Ministers, focusing on regional de-escalation, Iran, Yemen, Sudan, Libya and Syria, as well as UN reform and the Palestinian issue. In a meeting with
Egypt's Financial Regulatory Authority (FRA) on Sunday approved the prospectus for the offering of Banque du Caire shares on the Egyptian Exchange (EGX), clearing the way for the sale of a 30% stake valued at up to about EGP 24.25bn, according to the head of the state-owned companies unit. The prospectus covers
Egypt’s Ministry of Transport has signed a memorandum of understanding (MoU) with Chinese company Xiamen C&D to develop a specialised dry bulk terminal at Al Max Port in Alexandria, as part of efforts to develop Greater Alexandria Port and the Sokhna–Alexandria logistics corridor. The MoU was signed by the Alexandria Port Authority,
Egypt’s Industrial Development Authority (IDA) has announced the offering of 400 ready-to-operate industrial units across 11 industrial complexes in 10 governorates, with applications open from October 15 to 29, 2026, through the Egypt Industrial Digital Platform. The fully constructed units are equipped with utilities and range in size from 48 square metres
Egyptian President Abdel Fattah Al-Sisi said Egypt will not accept any threat to Saudi Arabia’s security or borders, or to Red Sea security, warning that deep geopolitical shifts in the region will have consequences. He described Egypt and Saudi Arabia as the heart of the Arab and Islamic worlds and said harm
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received Mahmoud El-Montasser Mansour, Executive Director-General and founder of Tunisia’s Microfinance Supervisory Authority, in the presence of Rehab Taha, FRA Assistant Chairperson. The meeting aimed to strengthen bilateral cooperation and exchange regulatory and supervisory expertise in non-bank finance, supporting efforts to develop markets,
Egyptian Foreign Minister Badr Abdelatty held a series of meetings and participated in ministerial sessions in Bangkok on Tuesday on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund (IMF), focusing on food security, maritime routes, development financing, economic reform and cooperation with international and
Foreign investment in Egypt’s real estate sector rose 47.4% year on year to $2.8bn in the fiscal year ended June 2026, up from $1.9bn in the previous fiscal year, marking an increase of approximately $900m, according to the latest balance of payments report issued by the Central Bank of Egypt (CBE). The
